Indian markets ong opening on D-street amid global rally.
Indian equity benchmarks are set to witness a positive opening on Tuesday tracking an advance in stock markets across Asia and a bullish finish at Wall Street overnight. SGX Nifty is trading at 0.50 points higher.
Indian rupee may continue to be weighed down by concerns over the impact of Raghuram Rajan’s exit as the RBI governor when his three-year term ends this September
Indian shares rose, tracking a rally in global markets after polls showed support for Britain staying in the European Union regaining momentum before this week's referendum, while software services exporters such as Infosys rallied after the rupee weakened. The S&P BSE Sensex and CNX Nifty rose 0.91-0.84% each.
Asian shares got off to a tentative start on Tuesday, as investors paused after a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.
U.S. stocks closed up Monday, but off their session highs, following the lead of European markets as polls showed support swinging back toward the U.K. remaining a member of the European Union ahead of a referendum.
European shares indexes posted their biggest rallies since August on Monday, led by heavyweight banking stocks, as weekend opinion polls boosted expectations that Britain would vote to stay in the European Union.
Major Headlines of the day:
• RCom-Aircel merger talks for another fortnight
• Mahindra's services arm aims 400 service outlets this financial year
• Apollo Hospitals to establish healthcare facility in China
Trend in FII flows: The FIIs were net buyers of Rs -537.47. Cr in the cash segment on Monday while the DIIs were net sellers of Rs 724.06Cr, as per the provisional figures.